๐ Glassnode: #BTCโs average entry price for newer investors and its standard deviation bands help identify overheated zones. $127K marks the +1ฯ level and key resistance; a breakout could open the path to $144K (+2ฯ), where prior market tops often trigger increased sell-side pressure.
๐ณ๐ด๐ฆ #BTC Norges Bank, Norwayโs central bank, increases its Bitcoin equivalent exposure from 6,200 to 11,400 BTC in Q2, an 83% jump.
The position is almost entirely in Strategy (formerly MicroStrategy), with a small addition in Metaplanet.
The position is almost entirely in Strategy (formerly MicroStrategy), with a small addition in Metaplanet.
๐๐ค CryptoRank: Linea activity surges ahead of the #LINEA TGE. The roadmap says the burn mechanism will go live in Q3, meaning the TGE & airdrop should happen very soon.
๐๐ค Analysts Spot Buyer Fatigue in #BTC
This could trigger a correction before capital rotates into altcoins โ a pattern seen in previous market cycles.
The Cryptoasset Sentiment Index has risen to 0.91, while Google searches for altcoins have hit new highs, signaling growing appetite for risk assets.
Many experts expect an altseason in September, when at least some altcoins may begin outperforming Bitcoin.
This could trigger a correction before capital rotates into altcoins โ a pattern seen in previous market cycles.
The Cryptoasset Sentiment Index has risen to 0.91, while Google searches for altcoins have hit new highs, signaling growing appetite for risk assets.
Many experts expect an altseason in September, when at least some altcoins may begin outperforming Bitcoin.
๐ฝ๐น New York lawmakers propose a 0.2% tax on the sale or transfer of cryptocurrency. #regulation
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๐ Gemini has filed for an IPO on the Nasdaq under the ticker #GEMI. theblock
๐บ๐ธ #BTC American Bitcoin is exploring acquisitions in Japan and Hong Kong. cointelegraph
๐บ๐ธ๐ Bitcoin Archive: the US dollar has lost ~10% of its value so far this year. #macro
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๐บ๐ธ๐ฟ Digital Currency Group (DCG) is being sued by two subsidiaries over a $1.1 billion promissory note related to Three Arrows Capital (3AC). cointelegraph
๐๐ณ Whale Transactions:
1. WLFI spent 10 million #USDC to buy $84.5 #WBTC at $118,343 and 8.6 million USDC to buy 1,911 #ETH at $4500;
2. Bitmine bought 106,485 ETH ($470.51 million), bringing their assets to 1,297,093 ETH ($5.75 billion);
3. In the last 4 days, the whale/organization created 3 new wallets and withdrew 92,899 ETH ($412 million) from Kraken.
1. WLFI spent 10 million #USDC to buy $84.5 #WBTC at $118,343 and 8.6 million USDC to buy 1,911 #ETH at $4500;
2. Bitmine bought 106,485 ETH ($470.51 million), bringing their assets to 1,297,093 ETH ($5.75 billion);
3. In the last 4 days, the whale/organization created 3 new wallets and withdrew 92,899 ETH ($412 million) from Kraken.
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๐ฆ๐ช๐โโ Airlines and travel agencies including Emirates, Air Arabia, Travala and Alternative Airlines now support the use of cryptocurrency to pay for bookings.
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๐ต๏ธโโ๏ธ #ETH An Ethereum ICO participant "0x61b9" transferred all 334.7 ETH ($1.48M) out today after 10+ years of dormancy.
He invested only $104 in the ICO and received 334.7 ETH โ now worth $1.48M, a 14,269x return.
He invested only $104 in the ICO and received 334.7 ETH โ now worth $1.48M, a 14,269x return.
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